## **Satkar Committee UK** (Registered charity, number 1176440) **Financial statements for the year ended 31 March 2024** 

|**Page**|**Contents**|
|---|---|
|2 - 4|Trustees’ annual report|
|5|Independent examiner’s report|
|6|Receipts & payments account|
|7|Statement of assets & liabilities|
|8|Notes to the accounts|






## **Satkar Committee UK Trustees’ annual report for the year ended 31 March 2024** 

**Full name** Satkar Committee UK 

**Organisation type** Charitable incorporated organisation 

## **Registered charity number** 1176440 

## **Principal address** 

Sri Guru Granth Sahib Ji Bhavan, Moorlands 206a Hydes Road, West Bromwich, West Midlands, B71 2ED 

## **Trustees** 

Manipal Singh Balvinder Kaur 

## **Independent examiner** 

John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL 

## **Governance and management** 

The charity is operated under the rules of its constitution adopted 22 December 2017. 

## **Objectives and activities** 

Satkar Committee UK was launched in 2014 with the blessings of the 5 Singh Ardas. Recognising the need to undertake various project streams to advance the Sikh religion for the benefit of the sangat (congregation) and the wider public, the committee operates in accordance with the Gurmat Rehat Maryada (Sikh Code of Conduct). The ultimate objective of the organisation is to foster a deeper understanding of the essential requirements for maintaining the utmost Adhav Satkar (respect at the highest regard) of Dhan Dhan Sri Guru Granth Sahib Ji Maharaj. 

Primary Objectives: The primary objective of Satkar Committee UK is to stop the unnecessary and excessive printing of Dhan Dhan Sri Guru Granth Sahib Ji Pavan Saroops (sacred revered Guru of Sikhs). Additionally, the committee aims to prevent the avoidable Agan Bhett (discarding) of Saroops in the UK and India. As such, our priority continues to be the vital seva (selfless service) around the restoration and preservation of all current Maharaj Pavan Saroops. 

## **Summary of the main activities undertaken for the public benefit** 

Activities and Initiatives: Satkar Committee UK tirelessly works towards enhancing Sikhi awareness through various means, including: 

- Easily accessible shudh (pure) reading of Gurbani Santhia 

- Parchar (preaching) 

- Katha (religious discourse) 

- Kirtan (devotional singing) 

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## **Satkar Committee UK** 

- Literature 

- Workshops 

- Seminars 

- Training 

Furthermore, the committee aims to create an insightful understanding through demonstration videos and tutorials on the seva sambal (care, respect, and upkeep) of Maharaj Saroop Ji, Gutka Sahibs, Pothi Sahib Jis, and all other Gurbani (religious scripture) sources. 

Public Benefit: Members of the public benefit individually from enhanced awareness and learning of religious teachings. Additionally, the public benefits as a congregation through participation in religious services and communal gatherings. 

## **Public benefit statement** 

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. 

## **Summary of the main achievements during the period** 

Primary focus of activity has been interim repairs of the building to a suitable standard for use. 

The day-to-day operations in preservation and restoration of Sri Guru Granth Sahib Ji is an ongoing process undertaken by sevadars (selfless voluntary work). 

## **Financial Trustees' View** 

The trustees believe that the overall performance of the charity has remained stable this year. 

## _Risk Management_ 

The Board of Trustees recognises the importance of assessing risks that could impact the Satkar Committee UK and its daily operations. They are confident that adequate systems and internal controls are in place to manage significant risks effectively. 

## _Reserve Policy_ 

The charity maintains sufficient reserves to cover essential expenses, including core costs and overheads, ensuring the continuity of services even in the absence of donations. 

## _Principal Source of Funds_ 

The primary source of funds continues to be donations from the Sangat and Prabandakhs of Gurdwaras, including contributions from places of worship, individuals, the public, and the congregation. 

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## **Satkar Committee UK** 

Satkar Committee UK is exceptionally grateful for the continued support of everyone in making it possible to carry out projects and meet the requirements of the Sikh Community and wider public. We are appreciative of the tireless efforts and commitments of volunteers who are dedicated to the restoration and preservation seva (work). 

Signed on behalf of the charity’s trustees: 

Signed _____________________________________________   Date __________ Manipal Singh, Trustee 

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## **Independent examiner’s report to the trustees of Satkar Committee UK for the year ended 31 March 2024** 

I report to the trustees on my examination of the accounts of Satkar Committee UK (the charity) for the year ended 31 March 2024. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the accounts do not accord with those records. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Signed _________________________ Date ______________________ John O’Brien MSc, FAIA, FCIE Employee of Community Accounting Plus 

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## **Satkar Committee UK Receipts & payments account for the year ended 31 March 2024** 

|_2023_<br>Total<br>Funds<br>£<br>**Note**<br>**Receipts**<br>544803<br>Donations<br>44198<br>Gift aid<br>150000<br>Loan received<br>**2**<br>739001<br>**Total receipts**<br>**Payments**<br>937<br>Bank charges<br>4062<br>Security<br>-<br>Building repairs<br>327<br>Advertising & fundraising<br>37289<br>Equipment<br>1126<br>Insurance<br>2540<br>Printing, postage & stationery<br>1113<br>Petrol & travel costs<br>35<br>Refreshments<br>1093<br>Sundry expenses<br>2112<br>Utilities<br>602000<br>Building purchase<br>459<br>Internet and IT costs<br>9377<br>Legal & professional fees<br>-<br>Restoration<br>-<br>Fines and interest<br>30000<br>Donations awarded<br>692470<br>**Total payments**<br>46531<br>**Net receipts/(payments)**<br>8440<br>Cash funds at start of this period<br>54971<br>**Cash funds at end of this period**|**_2024_**<br>**Total**<br>**Funds**<br>**£**<br>23013<br>-<br>-|
|---|---|
||**23013**|
||1<br>-<br>4206<br>-<br>3332<br>-<br>476<br>1513<br>418<br>197<br>5455<br>-<br>1076<br>1910<br>1049<br>100<br>-|
||**19733**|
||3280<br>54971|
||**58251**|



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## **Satkar Committee UK Statement of assets and liabilities at 31 March 2024** 

|_2023_|||**_2024_**|
|---|---|---|---|
|£|**Cash assets**|**Note**|**£**|
|54971|Bank accounts||58251|
|54971|||**58251**|
||**Assets retained for the charity’s own use**|||
||Sri Guru Granth Sahib Ji Bhavan|||
||Moorlands 206a Hydes Road|||
|669000|West Bromwich, West Midlands, B71 2ED (cost)||669000|
|30000|Vehicle (cost)||30000|
||**Liabilities**|||
|(151320)|Creditors|**3**|(151200)|
|(151320)|||**(151200)**|



These financial statements are accepted on behalf of the charity by: 

Signed ___________________________________ Dated ___________ Balvinder Kaur, Trustee 

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## **Satkar Committee UK Notes to the accounts for the year ended 31 March 2024** 

## **1. Receipts & payments accounts** 

Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 

## **2. Loan** 

In 2023, to assist with the purchase of the building, the charity received a long term loan of £150,000 from Twinkle Tots Nursery. This is an interest free loan with no fixed repayment terms. 

## **3. Creditors** 

**£** Long term loan (150000) Professional fees (1200) **(151200)** 

## **4. Trustees’ remuneration** 

- Trustees received no expenses, remuneration or benefits in this period. 

## **5. Related party transactions** 

- There were no related party transactions in this period. 

## **6. Glossary of terms** 

**Creditors:** These are amounts owed by the charity, but not paid during the accounting period. 

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